Word: budget-cutting
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...House Masters, who said they were frustrated with a “moving target” of budget-cut expectations, added that they would oppose any “fait accompli” (irreversible mandate) calling for staff cuts. The increased—and changing—requirements to trim House budgets have prevented House Masters from finalizing their annual budgets, which are usually submitted in January...
...added that departments across the College are considering budget-cut proposals and that no final decisions have been made...
...gift would be the promise of further solid growth next year. And that is precisely what TIME'S Board of Economists offered last week when it met to assess the business outlook for 1985. In a spirited session that also examined the impact of sweeping tax reform and budget-cut plans, board members unanimously predicted that the economy will retain its forward momentum and avoid a recession in the year ahead. Said Alan Greenspan, a New York consultant who chaired the Council of Economic Advisers under President Ford: "There is no credible evidence that we are on the edge...
President Reagan does not intend to launch a major new public works spending program. In fact, as part of his budget-cut plans, he hopes to carve $31 billion out of federal spending on transportation over the next five years. The highway program would lose $11.2 billion, and mass-transit aid would be trimmed by $12 billion. Though Congress is expected to approve a large portion of the Reagan cuts, some lawmakers argue that the reductions are shortsighted. Says Democratic Congressman Henry Reuss of Wisconsin, the chairman of the Joint Economic Committee: "The whole thrust of the Reagan program...
Southerner Dick Russell's main objective is to persuade voters that he is not a sectional candidate, and to call attention to his position as chairman of the Senate Armed Forces Committee. At Denver last week, he attacked Taft and Eisenhower for "unrealistic" tax-and budget-cut promises. At the same time, Russell assailed the Truman Administration for "inexcusable waste" in rearmament, and for its stretch-out of aircraft production. He said it was "little short of a national disgrace to be outproduced in jet planes by Soviet Russia." Russell was also busily defending his opposition to FEPC, which...